- Stallion Gold Corp. (STUD) signed a share purchase agreement to acquire Athabasca Basin properties
- The package’s 17 mineral claims are held throughout the Athabasca Basin, home to some of the world’s largest high-grade uranium deposits
- The company is looking at a work program on the claims during Q1 2023
- Stallion Gold Corp. (STUD) was up 27.27 per cent, trading at $0.35 at 2:10 pm ET
Stallion Gold Corp. (STUD) has signed another share purchase agreement to acquire Athabasca Basin properties.
The company signed the agreement with Hathor Exploration Ltd., and the shareholders of Hathor will acquire all of its issued and outstanding securities.
The package’s 17 mineral claims are held throughout the Athabasca Basin, home to some of the world’s largest high-grade uranium deposits. The claim packages are split into 12 distinct blocks that range from the western edge of the basin near Cluff Lake to as far east as the Roughrider deposit acquired by Uranium Energy.
Stallion’s CEO, Drew Zimmerman, said the acquisition more than doubles their footprint in the basin to a combined total of 788 sq. km. The additional package now creates one continuous claim block of 358.7 sq. km. on the western side of the basin, and it shares a significant boundary with Fission 3.0’s (TSX:FUU) PLN project
“This acquisition gives Stallion strategic land holdings across the basin and puts the company at the epicentre of significant exploration activity and capital deployment. We have a highly experienced team of uranium industry veterans with a history of value creation in the Basin. We will be leveraging that expertise as we commence our work program in the coming weeks.”
The company is looking at a work program on the claims during Q1 2023.
Stallion Gold (STUD) is a mineral exploration company focused on the exploration of precious metals and critical minerals.
Stallion Gold Corp. (STUD) was up 27.27 per cent, trading at $0.35 at 2:10 pm ET.
